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Latest Business News

Puerto Rico’s crisis … in 2 minutes

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Puerto Rico has been dubbed “America’s Greece.” The island is expected to default on its debt for the first time ever on Monday. If you’re just catching up, here’s the…

U.S. construction spending gain smallest in five months

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WASHINGTON, (Reuters) – U.S. construction spending barely rose in June as private outlays posted their biggest drop in a year, but the underlying trend suggested the economy remained on solid…

Puerto Rico is about to default for the first time in its history

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Puerto Rico is hours away from going into default for the first time in its history. …read more Via:: Puerto Rico is about to default for the first time in…

Former trader Hayes found guilty in world’s first Libor trial

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LONDON (Reuters) – Tom Hayes, a former UBS and Citigroup trader, was found guilty of charges of conspiracy to defraud on Monday as a jury delivered its verdict in the…

U.S. factory activity rises slightly in July: Markit

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NEW YORK, (Reuters) – Growth in the U.S. manufacturing sector edged up in July, according to an industry report released on Monday. …read more Via:: U.S. factory activity rises slightly…

U.S. manufacturing sector growth slows in July: ISM

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NEW YORK (Reuters) – The pace of growth in the U.S. manufacturing sector slowed in July and disappointed expectations, according to an industry report released on Monday. …read more Via::…

Hyundai Motor U.S. July sales up 6 percent at 71,013 vehicles

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DETROIT (Reuters) – Hyundai Motor Co said its U.S. July sales set a company record at 71,013 vehicles, up 6 percent. …read more Via:: Hyundai Motor U.S. July sales up…

Wall St. set to open lower as consumer spending slows

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(Reuters) – Wall Street was set to open slightly lower on Monday as U.S. consumer spending in June recorded its smallest gain in four months, suggesting the economy lost some…

Fiat Chrysler, Nissan U.S. July sales rise on SUV strength

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DETROIT (Reuters) – Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Monday their U.S. July sales outstripped expectations on the strength of sport utility vehicles sales. …read more…

US Mint to sell 1.18 million oz of silver coins

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The U.S. Mint said on Monday it has 1.18 million ounces of its popular 2015 American Eagle silver bullion coins to sell this week. …read more Via:: US Mint to…